Waters Parkerson & CO. LLC Reduces Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Waters Parkerson & CO. LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 358,915 shares of the financial services provider's stock after selling 1,935 shares during the quarter. JPMorgan Chase & Co. makes up approximately 4.5% of Waters Parkerson & CO. LLC's portfolio, making the stock its 4th biggest position. Waters Parkerson & CO. LLC's holdings in JPMorgan Chase & Co. were worth $86,035,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wimmer Associates 1 LLC increased its position in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after purchasing an additional 40 shares in the last quarter. St. Clair Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,525,000. Triglav Skladi D.O.O. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $45,112,000. Twinbeech Capital LP lifted its stake in shares of JPMorgan Chase & Co. by 244.8% in the 4th quarter. Twinbeech Capital LP now owns 77,314 shares of the financial services provider's stock worth $18,533,000 after acquiring an additional 54,892 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $12,657,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.2%

JPM stock traded down $0.54 during mid-day trading on Thursday, reaching $260.50. 6,507,033 shares of the stock traded hands, compared to its average volume of 9,581,558. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The stock's fifty day moving average is $242.84 and its 200-day moving average is $247.77. The company has a market cap of $723.95 billion, a P/E ratio of 13.20, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Bank of America cut their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Piper Sandler upped their target price on JPMorgan Chase & Co. from $260.00 to $295.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $266.20.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.